XLT XL Tech.

RNS Number:7229V
XL TechGroup, Inc.
30 April 2007


Press Release                                                      30 April 2007



                               XL TechGroup, Inc.

                       ("XL TechGroup" or "the Company")



    AgCert announces final results, strategic review and proposed financing



XL TechGroup (AIM: XLT), the systematic architect and builder of an ongoing
stream of high value new companies, advises that that its portfolio company,
AgCert International plc ("AgCert"), a leader in the production and sale of
agriculturally derived greenhouse gas emission reductions, reported on 27 April
2007 its financial results for the year ended 31 December 2006.  AgCert has also
announced a proposed placing and capitalisation of debt in order to finance an
improved business strategy that is designed to produce as many credits as before
but from a significantly lower level of capital investment.



To fund the implementation of the improved strategy, AgCert is proposing to
raise #20.5 million (#18.7 million after expenses) by way of a placing of 51.18
million new ordinary shares at 40 pence per share which has been fully
underwritten by Nomura Code Securities and Hoare Govett.  AgCert is also
proposing to capitalise approximately Euro14.6 million of debt owed to three major
shareholders, including #2.73 million owed to XL TechGroup.  The capitalisation
at 40 pence per share would result in the issue of an additional 24.95 million
new ordinary shares, including 6,822,429 to XL TechGroup.  Completion of this
capitalisation will result in XL TechGroup owning 46,043,394 shares in AgCert,
representing 18.79% of the issued share capital.



It is also proposed that XL TechGroup will provide AgCert with a credit facility
of up to Euro5 million, available in the second quarter of 2008 for certain,
defined working capital needs and convertible into new ordinary shares of
AgCert.



Subject to shareholder approval of the funding and debt recapitalisation
proposals at an AgCert EGM on 24 May 2007, the improved strategy will enable
AgCert to deliver at least the same emission reduction delivery programme as
previously anticipated, but with a significantly reduced capital funding
requirement and will provide the company with financing through to self
sufficiency.



John Scott, CEO of XL TechGroup, said: "Our continuing commitment to AgCert and
our approval of the improved strategy is clearly demonstrated by our willingness
to convert existing loans into equity and by the additional credit facility that
we are providing.  We are pleased with the response to AgCert's successful
fundraising and we reaffirm our belief that AgCert will deliver the same
significant value that we have anticipated since its inception."



                                    - Ends -



For further information:
XL TechGroup Inc.
John Scott / Harold Gubnitsky                               Tel: +1 321 409 7403
hgubnitsky@xltg.com
Chris Munden, Director of Investor Relations           Tel: +44 (0) 20 7398 7720
cmunden@xltg.com                                             www.xltechgroup.com


Nomura Code Securities
Richard Potts, Corporate Finance                       Tel: +44 (0) 20 7776 1200
                                                              www.nomuracode.com



XL TechGroup media enquiries:
Abchurch Communications
Heather Salmond / Gareth Mead                          Tel: +44 (0) 20 7398 7700
heather.salmond@abchurch-group.com                        www.abchurch-group.com



NOTES TO EDITORS



About XL TechGroup

XL TechGroup is in the business of significant value creation.  Working with
major international corporate and technology partners such as AES, Procter &
Gamble and leading universities, XL TechGroup first identifies global unmet
market needs and then targets and exploits these by the systematic creation of
successful, disruptive technology businesses.  These are built from scratch, and
are then funded and developed by XL TechGroup through to the point of a trade
sale or a stock market listing.



XL TechGroup's unique and proven methodology selects the best opportunities in
order to create one-to-two new companies annually, where each company is
expected to achieve a valuation of at least US$400 million within four years
from its creation.  While an XL TechGroup company might perform a stock market
listing at an earlier point in this four year timeframe, XL TechGroup would
retain its controlling interest and would continue to assist with the company's
development.



XL TechGroup's companies to date are: AgCert International plc (www.agcert.com),
TyraTech LLC (www.tyratech.com), DxTech LLC (www.dxtech.com), PetroAlgae LLC
(www.petroalgae.com) and QuoNova LLC.



XL TechGroup has also established GenXL LLC as a joint venture to capture the
value of those prospects that do not quite meet the US$400 million, four year
criteria but still demonstrate considerable potential worth.  Over and above XL
TechGroup's core business model, GenXL will review a significant flow of
opportunities from both XL TechGroup and GEN3 in order to generate new
companies, standalone product lines and technology licensing opportunities or an
appropriate mix of these.



For further information, see www.xltechgroup.com


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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